38 unchanged sentences
Not applicable.
+Added: Disclosure Regarding Foreign Jurisdictions that Prevent Inspections.
+Added: Not applicable.
Directors, Executive Officers and Corporate Governance.
18 unchanged sentences
The information required by this item is incorporated by reference to our definitive proxy statement, which will be filed with the Securities and Exchange Commission not later than March 30, 2022 (120 days after the end of our fiscal year).
−Removed: Exhibits, Financial Statement Schedules.
+Added: Exhibit and Financial Statement Schedules.
(a) Documents filed as part of this Report.
9 unchanged sentences
Financial Statement Schedule Page in
−Removed: Report of Independent Registered Public Accounting Firm
Schedule II—Valuation and Qualifying Accounts
9 unchanged sentences
4.5 Eleventh Supplemental Indenture, dated as of November 5, 2015, among Lennar Corporation, each of the guarantors identified therein and The Bank of New York Mellon, as trustee, including the form of 4.875% Senior Notes due 2023 - Incorporated by reference to Exhibit 4.15 of the Company’s Current Report on Form 8-K, dated November 6, 2015.
−Removed: 4.6 Thirteenth Supplemental Indenture, dated as of January 20, 2017, among Lennar Corporation, each of the guarantors identified therein and The Bank of New York Mellon, as trustee, including the form of 4.125% Senior Notes due 2022- Incorporated by reference to Exhibit 4.17 of the Company’s Current Report on Form 8-K, dated January 20, 2017.
4.6 Fourteenth Supplemental Indenture, dated as of April 28, 2017, among Lennar Corporation, each of the guarantors identified therein and The Bank of New York Mellon, as trustee, including the form of 4.50% Senior Notes due 2024 - Incorporated by reference to Exhibit 4.18 of the Company’s Current Report on Form 8-K, dated April 28, 2017.
4.7 Indenture, dated as of November 29, 2017, among Lennar Corporation, each of the guarantors identified therein and The Bank of New York Mellon, as trustee, including the form of 2.95% Senior Notes due 2020 and the form of 4.75% Senior Notes due 2027- Incorporated by reference to Exhibit 4.1 of the Company’s Current Report on Form 8-K, dated November 29, 2017.
−Removed: 4.9 Indenture, dated as of February 20, 2018, among Lennar Corporation, each of the guarantors identified therein and The Bank of New York Mellon, as trustee, governing the 6.25% Senior Notes due December 15, 2021 (including the forms of 6.25% Senior Notes due December 15, 2021) - Incorporated by reference to Exhibit 4.4 of the Company’s Current Report on Form 8-K, dated February 16, 2018.
−Removed: 4.10 Indenture, dated as of February 20, 2018, among Lennar Corporation, each of the guarantors identified therein and The Bank of New York Mellon, as trustee, governing the 5.375% Senior Notes due October 1, 2022 (including the forms of 5.375% Senior Notes due October 1, 2022) - Incorporated by reference to Exhibit 4.5 of the Company’s Current Report on Form 8-K, dated February 16, 2018.
4.8 Indenture, dated as of February 20, 2018, among Lennar Corporation, each of the guarantors identified therein and The Bank of New York Mellon, as trustee, governing the 5.875% Senior Notes due November 15, 2024 (including the forms of 5.875% Senior Notes due November 15, 2024) - Incorporated by reference to Exhibit 4.6 of the Company’s Current Report on Form 8-K, dated February 16, 2018.
2 unchanged sentences
10.1* Lennar Corporation 2016 Equity Incentive Plan - Incorporated by reference to Exhibit A of the Company’s Definitive Proxy Statement on Schedule 14A, filed with the Commission on March 2, 2016.
−Removed: 10.2* Lennar Corporation 2016 Incentive Compensation Plan - Incorporated by reference to Exhibit B of the Company’s Definitive Proxy Statement on Schedule 14A, filed with the Commission on March 2, 2016.
+Added: 10.2* Lennar Corporation 2016 Incentive Compensation Plan, as Amended and Restated effective January 12, 2022– Filed herewith.
10.3 Seventh Amended and Restated Credit Agreement, dated as of April 11, 2019, among Lennar Corporation, as borrower, JPMorgan Chase Bank, N.A., as issuing lender and administrative agent, the several lenders from time to time parties thereto, and the other parties and agents thereto - Incorporated by reference to Exhibit 10.1 of the Company’s Current Report on Form 8-K, dated April 11, 2019.
2 unchanged sentences
Home Corporation and Lessee -Incorporated by reference to Exhibit 10.19 of the Company’s Current Report on Form 8-K, dated February 19, 2015.
−Removed: 10.6* Form of 2018 Restricted Stock Agreement for Stuart Miller, Rick Beckwitt and Jonathan Jaffe - Incorporated by reference to Exhibit 10.2 of the Company’s Current Report on Form 8-K, dated February 14, 2018.
−Removed: 10.7* 2019 Award Agreements for Mr.
−Removed: Beckwitt and Mr.
−Removed: Jaffe - Incorporated by reference to Exhibit 10.1 of the Company’s Current Report on Form 8-K, dated June 25, 2019.
10.6* Form of 2019 Award Agreement under the Company’s 2016 Equity Incentive Plan for Mr.
1 unchanged sentence
Jaffe - Incorporated by reference to Exhibit 10.2 of the Company’s Current Report on Form 8-K, dated June 25, 2019.
−Removed: 10.9* 2019 Award Agreements for Ms.
−Removed: Bessette, Mr.
−Removed: McCall and Mr.
−Removed: Gross - Incorporated by reference to Exhibit 10.3 of the Company’s Current Report on Form 8-K, dated June 25, 2019.
10.7* 2020 Award Agreements under the Company’s 2016 Incentive Compensation Plan for Mr.
5 unchanged sentences
Bessette and Mr.
−Removed: McCall - Incorporated by reference to Exhibit 10.
−Removed: 2 of the Company’s Current Report on Form 8-K, dated February 28, 2020.
−Removed: 10.12** Master Agreement, dated October 8 , 2020, between AG Ess ential Housing Company 1, L.P.
−Removed: and Essential Ho using Financing, LLC .
+Added: McCall - Incorporated by reference to Exhibit 10.2 of the Company’s Current Report on Form 8-K, dated February 28, 2020.
+Added: 10.9 Master Agreement, dated October 8, 2020, between AG Essential Housing Company 1, L.P.
+Added: and Essential Housing Financing, LLC - Incorporated by reference to Exhibit 10.12 of the Company's Annual Report on Form 10-K for the fiscal year ended November 30, 2020
+Added: 10.10* 2021 Award Agreements under the Company’s 2016 Incentive Compensation Plan for Mr.
+Added: Beckwitt, Mr.
+Added: Bessette, Mr.
+Added: McCall and Mr.
+Added: Sustana - Incorporated by reference to Exhibit 10.1 of the Company’s Current Report on Form 8-K, dated February 26, 2021.
+Added: 10.11* Form of 2021 Award Agreement under the Company’s 2016 Equity Incentive Plan for Mr.
+Added: Beckwitt, Mr.
+Added: Bessette and Mr.
+Added: McCall - Incorporated by reference to Exhibit 10.1 of the Company’s Current Report on Form 8-K, dated February 26, 2021.
21** List of subsidiaries.
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January 28, 2022
−Removed: Irving Bolotin /S/ IRVING BOLOTIN
+Added: Amy Banse /S/ AMY BANSE
January 28, 2022
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January 28, 2022
−Removed: Scott Stowell /S/ SCOTT STOWELL
−Removed: January 22, 2021
−Removed: REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM
−Removed: To the stockholders and the Board of Directors of Lennar Corporation
−Removed: Opinion on the Financial Statement Schedule
−Removed: We have audited the consolidated financial statements of Lennar Corporation and subsidiaries (the "Company") as of November 30, 2020 and 2019, and for each of the three years in the period ended November 30, 2020, and the Company's internal control over financial reporting as of November 30, 2020, and have issued our reports thereon dated January 22, 2021;
−Removed: such reports are included elsewhere in this Form 10-K.
−Removed: Our audits also included the financial statement schedule of the Company listed in the Index at Item 15.
−Removed: This financial statement schedule is the responsibility of the Company's management.
−Removed: Our responsibility is to express an opinion on the Company’s financial statement schedule based on our audits.
−Removed: In our opinion, such financial statement schedule, when considered in relation to the financial statements taken as a whole, presents fairly, in all material respects, the information set forth therein.
−Removed: /s/ Deloitte & Touche LLP
−Removed: Miami, Florida
−Removed: January 22, 2021
LENNAR CORPORATION AND SUBSIDIARIES
5 unchanged sentences
Allowances deducted from assets to which they apply:
−Removed: Allowances for doubtful accounts and notes and other receivables
−Removed: $ 3,379 661 ( 568 ) ( 1,078 ) 2,394
+Added: Allowances for credit losses and notes and other receivables $ 2,394 79 59 ( 1 ) 2,531
Allowance for loan losses and loans receivable
4 unchanged sentences
Allowances deducted from assets to which they apply:
−Removed: Allowances for doubtful accounts and notes and other receivables
−Removed: $ 2,793 1,404 ( 344 ) ( 474 ) 3,379
+Added: Allowances for credit losses and notes and other receivables $ 3,379 661 ( 568 ) ( 1,078 ) 2,394
Allowance for loan losses and loans receivable
4 unchanged sentences
Allowances deducted from assets to which they apply:
−Removed: Allowances for doubtful accounts and notes and other receivables
−Removed: $ 2,849 246 ( 156 ) ( 146 ) 2,793
+Added: Allowances for credit losses and notes and other receivables $ 2,793 1,404 ( 344 ) ( 474 ) 3,379
Allowance for loan losses and loans receivable
3 unchanged sentences
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.